Thailand - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Cuttlefishes Price in Thailand - 2023
Contents:
- Frozen Cuttlefishes Price in Thailand (CIF) - 2023
- Frozen Cuttlefishes Price in Thailand (FOB) - 2022
- Frozen Cuttlefishes Imports in Thailand
- Frozen Cuttlefishes Exports in Thailand
Frozen Cuttlefishes Price in Thailand (CIF) - 2023
In September 2023, the average frozen cuttlefishes import price amounted to $8,091 per ton, reducing by -5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 26% m-o-m. As a result, import price attained the peak level of $9,043 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From September 2022 to September 2023, the rate of growth in terms of prices for Vietnam amounted to +0.1% per month.
Frozen Cuttlefishes Price in Thailand (FOB) - 2022
The average frozen cuttlefishes export price stood at $12,202 per ton in 2022, dropping by -58.7% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 123%. The export price peaked at $29,543 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37,009 per ton), while the average price for exports to Vietnam ($1,161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Cuttlefishes Imports in Thailand
In 2022, imports of frozen cuttlefishes into Thailand expanded sharply to 9.1K tons, with an increase of 5.9% compared with the year before. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, frozen cuttlefishes imports expanded sharply to $68M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Frozen Cuttlefishes in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 44.4 | 52.4 | 55.9 | 65.8 | 14.0% |
| China | 2.8 | 3.7 | 3.2 | 1.8 | -13.7% |
| Myanmar | N/A | 0.1 | 0.1 | 0.7 | 164.6% |
| Cambodia | 5.1 | 2.8 | 2.5 | N/A | -30.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.3 | 58.9 | 61.7 | 68.3 | 9.3% |
Top Suppliers of Frozen Cuttlefishes to Thailand in 2022:
- Vietnam (8.6K tons)
- China (0.4K tons)
- Myanmar (0.2K tons)
Frozen Cuttlefishes Exports in Thailand
In 2022, the amount of frozen cuttlefishes exported from Thailand soared to 360 tons, rising by 73% on 2021. Overall, exports, however, continue to indicate a perceptible decline.
In value terms, frozen cuttlefishes exports shrank rapidly to $4.4M in 2022. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $6.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Cuttlefishes in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,751 | 3,576 | 3,655 | 1,897 | -11.7% |
| United States | 262 | 619 | 992 | 752 | 42.1% |
| Hong Kong SAR | 822 | 790 | 630 | 446 | -18.4% |
| Taiwan (Chinese) | 243 | 293 | 103 | 334 | 11.2% |
| Singapore | 14.4 | 12.0 | 31.2 | 275 | 167.3% |
| Netherlands | 102 | 178 | 219 | 125 | 7.0% |
| Vietnam | N/A | N/A | N/A | 84.7 | 0% |
| Lao People's Democratic Republic | N/A | 0.9 | N/A | 73.0 | 800.6% |
| United Arab Emirates | 117 | N/A | N/A | 17.6 | -46.8% |
| China | 193 | 359 | N/A | N/A | 86.0% |
| Others | 198 | 427 | 516 | 381 | 24.4% |
| Total | 4,702 | 6,256 | 6,147 | 4,387 | -2.3% |
Top Export Markets for Frozen Cuttlefishes from Thailand in 2022:
- Singapore (102.9 tons)
- Vietnam (73.0 tons)
- Japan (53.5 tons)
- Lao People's Democratic Republic (50.6 tons)
- United States (20.3 tons)
- Taiwan (Chinese) (18.7 tons)
- Hong Kong SAR (17.4 tons)
- Netherlands (4.5 tons)
- United Arab Emirates (1.5 tons)
This report provides an in-depth analysis of the frozen cuttlefishes market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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